Field of Schemes
sports stadium news and analysis

  

April 28, 2004

For very small values of "one-third"

More fun from the Minnesota House Taxes Committee: At today's hearing, Twins president Jerry Bell said that when the team offered to pay one-third of stadium costs, it didn't include infrastructure or environmental cleanup costs. The Twins' potential contribution, according to Bell: $120 million out of a total cost of $535 million (for those playing at home, that's about 22%), with about $80 million of that being paid out in installments. The AP story didn't report the look on committee chair Ron Abrams' face when Bell said this, but we can imagine.

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